Broadway manse becomes 3rd most expensive SF property sold

Sitting on Broadway in San Francisco, otherwise known as the Gold Coast and Billionaires Row, 2901 Broadway has closed escrow for $28,850,000 which goes down in the record books as the third most expensive real estate transaction in San Francisco history.

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The property sits high atop the Gold Coast on Broadway.

The property sits high atop the Gold Coast on Broadway.

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It's thought to be vacant now, but here's a picture of one of the several sitting areas.

It's thought to be vacant now, but here's a picture of one of the several sitting areas.

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Another sitting area.

Another sitting area.

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Small dining area.

Small dining area.

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A glimpse of the various rooms within the mansion.

A glimpse of the various rooms within the mansion.

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Outside patio area.

Outside patio area.

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Views from the property.

Views from the property.

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Broadway manse becomes 3rd most expensive SF property sold

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While the sale price puts it in the record books, it doesn’t come close to the original asking price of $58 million, when it first came onto the market in 2006. Six years and several price deductions later, the 8-bed, 7.5-bath mansion is finally exchanging hands.

The Italian Renaissance estate with panoramic views has been vacant for a while – even becoming the target of some graffiti vandals not too long ago.

The property has also been in the same family for quite some time. Property tax records show only $7,900 was paid to the city last year. The city can expect to receive at least $300,000 more annually going forward.